Sangamo (NASDAQ: SGMO) officer withholds 1,919 shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sangamo Therapeutics’ Principal Accounting Officer, Nikunj Jain, reported a routine tax-withholding transaction tied to restricted stock unit (RSU) vesting. On May 25, 2026, 1,919 shares of common stock were surrendered to the company at $0.1743 per share to cover mandatory taxes.
This disposition was required under the company’s 2018 Equity Incentive Plan and was not an open-market trade. After this withholding, Jain directly holds 235,292 shares. The RSU grant that partially vested on this date delivered 2,742 shares, with 32,633 additional shares scheduled to vest in seven equal quarterly installments, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jain Nikunj
Role
Principal Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,919 | $0.1743 | $334.48 |
Holdings After Transaction:
Common Stock — 235,292 shares (Direct, null)
Footnotes (1)
- Represents shares underlying the portion of an RSU grant that vested on May 25, 2026, which were surrendered by the Reporting Person solely for mandatory tax withholding purposes using the Issuer's closing stock price on May 25, 2026 of $0.1743/share, pursuant to the terms of the 2018 EIP. This required tax withholding transaction is deemed to constitute a disposition of these shares to the Issuer for reporting purposes and does not represent a discretionary trade by the Reporting Person in the open market or otherwise. Includes: 2,742 shares from the May 25, 2026 vesting installment of the Reporting Person's February 25, 2025 RSU grant and the remaining 32,633 shares will vest in 7 successive equal quarterly installments thereafter. The vesting of all such RSU grants is subject to the Reporting Person's Continuous Service (as defined in the 2018 EIP) through each such date and subject to acceleration as provided in the 2018 EIP.
Key Figures
Tax-withheld shares: 1,919 shares
Withholding price: $0.1743 per share
Post-transaction holdings: 235,292 shares
+2 more
5 metrics
Tax-withheld shares
1,919 shares
Shares surrendered for mandatory tax withholding on May 25, 2026
Withholding price
$0.1743 per share
Issuer’s closing stock price on May 25, 2026 used for tax withholding
Post-transaction holdings
235,292 shares
Common shares directly held by Nikunj Jain after tax withholding
Newly vested RSU shares
2,742 shares
Portion of February 25, 2025 RSU grant vested on May 25, 2026
Unvested RSU balance
32,633 shares
Remaining RSUs vesting in 7 equal quarterly installments
Key Terms
RSU, mandatory tax withholding, 2018 EIP, Continuous Service
4 terms
RSU financial
"Represents shares underlying the portion of an RSU grant that vested on May 25, 2026"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
mandatory tax withholding financial
"which were surrendered by the Reporting Person solely for mandatory tax withholding purposes"
2018 EIP financial
"pursuant to the terms of the 2018 EIP"
Continuous Service financial
"The vesting of all such RSU grants is subject to the Reporting Person's Continuous Service"
FAQ
What did Sangamo (SGMO) officer Nikunj Jain report in this Form 4?
Nikunj Jain reported a mandatory tax-withholding disposition of 1,919 Sangamo common shares. These shares were surrendered to the company to cover taxes due on RSU vesting and were not sold in the open market or through a discretionary trade.
Is the Sangamo (SGMO) Form 4 transaction an open-market sale by Nikunj Jain?
No, the Form 4 explains this was a required tax-withholding transaction, not an open-market sale. Shares were deemed disposed of to the issuer solely to satisfy withholding obligations tied to RSU vesting, with no discretionary trading decision by Jain.
What are the vesting terms of Nikunj Jain’s RSU grant at Sangamo (SGMO)?
The filing notes that 2,742 shares vested on May 25, 2026 from a February 25, 2025 RSU grant. The remaining 32,633 shares are scheduled to vest in seven equal quarterly installments, contingent on Jain’s continuous service under the 2018 EIP.
What role does Nikunj Jain hold at Sangamo (SGMO) in this Form 4?
The Form 4 identifies Nikunj Jain as Sangamo’s Principal Accounting Officer. His reported transaction involves company equity compensation, specifically restricted stock units, and a mandatory tax-withholding disposition rather than a voluntary purchase or sale in the market.